Latest food industry analysis
Comprehensive coverage of the food industry's latest, breaking news brought to you by just-food's leading network of international journalists.
Kraft Heinz's takeover bid for Unilever came as something of a shock today – not least because of the seeming unlikely pairing of the 3G Cap...
Announcing's Nestle 2016 results today (16 February) newly-installed CEO Mark Schneider revealed growth at the Swiss food giant came in belo...
Kellogg's decision to end the direct store delivery (DSD) of its snacks in the US is expected to give the company's profitability some momen...
Mead Johnson has been the subject of takeover talk ever since it was spun-off from pharma group Bristol-Myers Squibb in 2009. Today's (10 Fe...
Mondelez International has delivered a lacklustre set of 2016 numbers but the snacks giant, which has been buffered by a challenging operating environment, stressed it continues to improve adjusted operating margins. With the entrance of 3G Capital into the food sector, margins have become a key metric for a number of the major names in the industry but Mondelez's results left some wondering if a focus on margins can hamper top-line growth. Katy Askew reports.
Hershey's 2016 results and 2017 outlook, issued on Friday (3 February), suggested both a stronger finish to the year than the preceding nine months had suggested and confidence on this year's earnings above that seen on Wall Street. Nevertheless, analysts still had questions on Hershey's earnings expectations, on its performance in China and on its plans for its cost structure. Dean Best reports.
The opening month of 2017 saw a raft of notable developments at some of the major names in the foodservice channel. Dean Best analyses the latest goings-on at three: DineEquity, Yum China and Shake Shack.
The UK government has now provided a clearer idea of its objectives for the Brexit negotiations. Ben Cooper looks at where Theresa May’s "12-point plan" leaves food companies within the UK and beyond its borders.
Cloetta, the Swedish snack maker, reported a loss for 2016 this morning (1 February) primarily due to an impairment charge related to its Italian business. Speaking to analysts during a conference call, however, management was upbeat on the progress it has made in strengthening profitability. Cloetta said it hopes to continue to expand its margins over the coming 12 months and revealed that it wants to grow sales – both organically and through M&A – during 2017. Here are the key takeaways from Cloetta's 2016 results.
Almost five years after Bright Food snapped up a majority stake in Weetabix, the state-backed Chinese group is said to be looking to offload its shares in the UK-based breakfast cereal business. Speculation started before Christmas and, although Bright Food sought to cool the chatter, the rumours have intensified, with four bidders apparently preparing to table offers. Dean Best surveys the purported runners and riders.
January saw the shock announcement UK retailer Tesco wants to acquire the country's largest wholesaler, Booker, in a deal that looks set to ruffle feathers in the sector. Carrefour investors speculated over who could be next to head-up the world's second largest retailer. Meanwhile, in the US, retail giants Wal-Mart and Amazon announced job creation plans. Here are some of the highlights from the retail sector over the past month.
Unilever delivered sluggish sales but stronger-than-expected margins when it reported its full-year results today (26 January). The company's revenue was buffeted by issues like demonetisation in India and economic crisis in Brazil during the tail-end of 2016. While management believes such headwinds will lead to a slower start to 2017 - an outlook that hit Unilever's shares today - the group does expect things to pick up as the year progresses. just-food take a look at Unilever's strategy for growth this year.
The pressure on Aryzta has grown this week after the Switzerland-based bakery giant issued a surprise profit warning, sending its shares tumbling and sparking speculation about the future of the company's senior management. Dean Best reports.
In part two of his survey of the food policy areas to watch worldwide in 2017, just-food's contributing editor Ben Cooper runs the rule over the likely developments in Latin America, Asia and Australia this year.
A new year, re-heated M&A speculation. Takeover talk is again centred on US-based infant formula group Mead Johnson, often seen as a target since it was spun off by pharma group Bristol-Myers Squibb in 2009. In the past, the chatter has focused on whether Danone would buy the Enfamil maker. Now, Nestle is in the spotlight. However, as Dean Best reports, such a deal looks unlikely - and, at present, the prospect of other suitors coming in appears just as slim.
Following the seismic political shocks of 2016, the food sector has much to ponder as the new year gets underway. just-food contributing editor Ben Cooper sets out the food policy areas to watch in the UK, the EU and the US in 2017.
The global food industry believes international trade could become more restricted under Donald Trump as the property magnate-turned-politician prepares to be sworn in as US President later today (20 January).
Acquisitions have enabled B&G Foods to rapidly scale up in recent years. The company has grown from sales of around US$600m in 2012 to a forecast of $1.6bn in 2017. Two large-scale deals have boosted B&G: Green Giant in 2015 and ACH Foods last year. However, B&G's underlying sales have not been strong. The group's smaller brands, which generate annual sales in the region of $500m, have struggled. Even Green Giant is a brand that has been in decline for years. At the ICR investor conference in Florida last week, CEO Bob Cantwell outlined how the company intends to continue to grow in 2017 and beyond.
In an uncertain business environment, with executives watching closely how the incoming President Trump could affect areas from regulations to trade, how the UK’s Brexit talks could unfold and how major European economies will vote in a series of elections in 2017, where are the opportunities for M&A in the international food sector this year? Dean Best reports.
A year of geopolitical uncertainty awaits and there are few things business dislikes more than uncertainty. What impact could there be on M&A in the food sector? Dean Best reports.
The global food industry will continue to double-down on cutting operating costs during 2017 in the face of rising input expenses and an increasingly challenging pricing environment, according to the results of just-food's annual Confidence Survey. However, when we asked our readers what they expect 2017 to hold at the end of last year, it was not all doom and gloom.
BRF, the Brazil-based meat giant, announced this week it has teamed up with the state of Qatar to buy a majority stake in Turkey-based processor Banvit Bandirma Vitaminli Yem Sanayii. The move will see BRF's recently-established halal unit, OneFoods, enter the Turkish market. Could BRF be paving the way for plans to partially float OneFoods? Katy Askew investigates.
In November and December, we ran our annual Confidence Survey to see how our international food industry readership saw 2017 unfolding. Here we present the results of the section of the survey that looked at international investment, emerging markets, M&A, innovation and competition.
Concerns about the potential impact on the UK's food industry in 2017 over the impending "divorce" from the EU are looming large for suppliers, retailers and consumers alike. The formal two-year round of Brexit talks aimed at shaping future UK-EU relations, including in areas such as import and exports of food products, are scheduled to start in March. The UK government is under fire for being too secretive about what the post-Brexit trading environment with EU nations will look like. However, food industry analysts say consumers will expect to see exactly the opposite approach from manufacturers, with shoppers favouring products that demonstrate transparency and clearer origin labelling. Healthy and better-for-you brands are also expected to continue doing well in 2017, together with a continuing trend towards free-from foods. Younger consumers, in particular, are expected to drive these and other trends forward. John Shepherd reports.
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Why Reckitt Benckiser moved for Mead Johnson
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry operating earnings strengthen on slow sales
- Kerry Group staff in Ireland suspend strike action